Lithia, Ciocca, Gilchrist buy, sell dealerships in Q4 transactions
Three top dealership groups were involved in Q4 transactions, with five stores trading hands......»»
CDK restores DMS for Group 1, more dealerships as cyberattack costs rise
The cost of the shutdown is rising rapidly as its impact is becoming clearer and the number of lawsuits continued to grow......»»
Cyberattacks at dealer management system provider CDK Global have delayed some dealership acquisitions, buy-sell brokers say
Cyberattacks at dealer management system provider CDK Global have delayed some dealership acquisitions, buy-sell brokers say......»»
Second set of dealerships, public retailer brought back online after CDK cyberattacks
CDK Global said it brought a second small set of dealer customers back online as well as one of its large public dealership groups late June 27......»»
Jeep Renegade EV"s sub-$25,000 price point seen as difficult to reach
Industry observers suggest electric Jeep can boost sales even if most Renegades sell for more than $25,000......»»
Lithia makes minority investment in fleet management company Wheels
Lithia Motors Inc. increased its interests in the fleet management space with a minority investment in fleet management service and technology company Wheels. Terms of the transactions were not disclosed......»»
CDK cyberattacks delay dealership acquisition closings
Cyberattacks at dealer management system provider CDK Global have delayed some dealership acquisitions, buy-sell brokers say......»»
Ill. auto body shop sues CDK Global in U.S. court, alleging business disruption after cyberattacks
The federal lawsuit filed against CDK Global in Illinois by Jay Kay Collision Center requests class-action status and views dealerships as part of a potential group of plaintiffs......»»
Week 2 of CDK outage changes dealers" way of doing business
Dealerships that quickly cobbled together workarounds with old-school techniques and by having other DMS providers have fared better with the "nuisance.".....»»
Ill. auto body shop sues CDK Global in U.S. court, alleging business disruption after cyberattack
The federal lawsuit filed against CDK Global in Illinois by Jay Kay Collision Center requests class-action status and views dealerships as part of a potential group of plaintiffs......»»
As repair costs rise, so does popularity of service drive financing
The cost of a vehicle repair is rising; therefore, so is the chance of customers getting hit with a hefty service department bill. To ensure they don't decline the work and to help them afford the repair, more dealerships are offering buy now, pay la.....»»
Tony Gullo, founder of Gullo Auto Group, dies at age 90
Tony Gullo, owned three Conroe, Texas, dealerships and capitalized on the Toyota growth wave. A family man and philanthropist, he also was deeply involved in his community......»»
Five ways to improve the global voluntary carbon credit markets
The severity of climate change means we all need to reduce our carbon footprint to zero as quick as possible, including companies. The voluntary carbon markets were set up to allow companies to buy and sell carbon credits to offset their emissions......»»
Largest public dealer groups grapple with CDK ransomware attack as outage lingers
Asbury, Lithia, AutoNation and Group 1 said they are facing disruptions but took immediate steps to minimize the impact once they were notified. Asbury said its operations have been affected by the cyber incident and will continue to be until it is r.....»»
Ineos Automotive plans bigger dealer footprint in U.S.
Ineos has 18 U.S. dealerships and a pair of stores in Canada. The upstart automaker is looking to add to its dealership count in 2024......»»
Lithia, AutoNation, Group 1 report impacts of CDK cyberattacks as crisis lingers into 6th day
Lithia, AutoNation and Group 1 said they are facing disruptions but took immediate steps to minimize the impact once they were notified. They said their dealerships are conducting business as usual......»»
At dealerships, ‘wishful thinking" for CDK cyberattack resolution on crucial sales Saturday
Dealerships, which typically have busy sales days on Saturdays, enter the fourth day of the cyberattack shutdown with uncertainty......»»
CDK opens online resource center for dealers; rivals also step in to help impacted dealerships
As CDK Global continues to bring its DMS back online, its rivals have begun helping impacted dealerships continue operating......»»
A timeline of the cyberattacks on CDK Global
The majority of CDK Global's software systems continue to be unavailable for dealerships after two cyberattacks June 19. Here's a recap of the crisis......»»
As CDK Global outage continues, rivals step in to help impacted dealers
As CDK Global continues to bring its DMS back online, its rivals have begun helping impacted dealerships continue operating......»»
Scammers target dealerships in U.S., Canada pretending to be CDK reps
CDK Global says scammers are targeting some dealership customers affected by the cyberattack that downed their DMS platforms......»»